Mortgage Quota filled for Area? + good buy to let providers for multiple properties

Blitzwing85

1.
I'm in the process of buying a new property. I went through the application with builders for the new development and when it came to the point about my current mortgage provider (C&G/Lloyds) the woman told me that the Halifax group (who must own Lloyds?) have already filled their mortgage quota for this development area.

It's £2500 repayment charge so I'd rather not move mortgages if possible as I'm on a good fixed term rate but I've spoke to 3 different departments at Lloyds and none of them have heard of this at all.

Anybody know anything about this?




2.

Situation is that I'm in a property that's in negative equity (about £15k), and also own a property that has approx £45-50k equity in it. Looking to move to a new house using the £45-50k equity, to a let-to-buy on my property because it's REALLY not selling (been up 2 years) then also buy a cheap flat to rent out to a relative to help her out.

My bank, FD said they take the rentals payments etc from income so it'd be too much for them if I add in the 2nd rental.

Anyone who has multiple rental properties, what are some good providers to consider?

Thanks

Dave_the_Ginger_Cat

It's Lloyds Banking who own the Halifax brand, but the point still stands. This is very common, and if they have reached their quota for this estate, you will not be able to borrow through them.

If however your mortgage is with C&G, and it has been rebranded to TSB (you will have received numerous letters to that effect), then you may have different fortune as this part of the bank is separating away

Can't help on the second point I'm afraid

Blitzwing85

Thanks. Just not something I'd heard of before.

There are 2 properties we are looking at and consider them equally and the next one is on a newer development so this shouldn't be an issue there as far fewer houses already sold.

Mortgage was only taken out with C&G in March 2013 but all paperwork is Lloyds, then this includes the likes of Halifax and others.

What a mess.

vectistim

I know lenders have these limits but this is the first time I've noticed someone actually hit one. This suggests to me a significant proportion of this estate is being bought by landlords - if that is the case is there actually sufficient demand in the area?